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Aussie Dollar Flirts with 5-Year Low

Marcus Jacob
10 Mar, 2015
New York City

Australian dollar weakened along with currencies in Asia and emerging markets on the resurgent dollar. Gold declined and iron ore prices eased. AMP Limited raised $540 million for its global infrastructure fund.

Stocks on Wall Street Rebound on Merger Monday, Greek Risks Resurface

Nichole Harper
09 Mar, 2015
New York City

Stocks in New York rebounded on Merger Monday. Simon Property launched a hostile offer for the rival Macerich. Alcoa agreed to acquire RTI Metals. GM plans to buy back $5 billion of its stock. European markets declined after Greek proposal fell short of expectations.

Simon Property Launches Hostile Offer of $22.4 B for Macerich

Mukesh Buch
09 Mar, 2015
New York City

RTI Intl surged 41% after Alcoa agreed to acquire for $1.5 billion. Blackstone agreed to acquire Heartland Harvest for undisclosed amount. Concordia Healthcare plans to acquire privately held Covis Pharma for $1.2 billion. Simon Property agreed to buy Macerich Co for $22.4 billion.

Balfour Beatty Wins Thames Contract; Clarkson, WPP Profit Surge

Nigel Thomas
09 Mar, 2015
New York City

Air France KLM passenger traffic in February increased 0.6%. Balfour Beatty was appointed as civil contractor for Thames Flood Works. Clarkson revenues increase in revenues. WPP profit climbed 14% to

Nikkei in Tokyo Declines 0.9% in Asia-wide Selloff

Hiruki Nakamura
09 Mar, 2015
New York City

Stocks in Tokyo fell and market indexes closed down and the yen traded above 121-mark against the U.S. dollar. The Asia-wide selloff was sparked after the latest U.S. jobs report suggested improving employment conditions and may lead the Federal Reserve to lift interest rates sooner than expected.

Property Stocks and Aussie Dollar Fall on Market Selloff in Australia

Marcus Jacob
09 Mar, 2015
New York City

Australian market indexes dropped 1.3% following Asia-wide decline. Investors sold stocks following a market selloff in New York on the growing speculation that the U.S. Fed will lift rates from near zero sooner than expected. Tabcorp completed its $236 million public offering.

Sensex in India Falls 2%

Mukesh Buch
09 Mar, 2015
New York City

Markets in India tracked lower indexes in Asia following the growing worries that the U.S. Federal Reserve may lift rates sooner than expected. Ambuja, Hindalco, Jaypree and Jindal Steel won coal mining rights. DLF announced a plan to restructure debt-laden ₹15,000 crore projects.

Broad Decline in U.S. Indexes on Jobs Report and Weakening Euro

Nichole Harper
06 Mar, 2015
New York City

Market indexes on Wall Street dropped more than 1% after the latest jobs report fueled the sooner than expected increase in interest rate. In addition, the weakening euro also dampened the outlook for earnings growth at multinational companies.

Big Lots, Cooper, Foot Locker, Fresh Market Climb; Staples Falls

Mukesh Buch
06 Mar, 2015
New York City

Buckle comparable store sales in February fell 3%. Big Lots net jumped 6%. Cooper net plunged 15%. Foot Locker net surged 21%. Fresh Market jumped more than ten-fold on 13% increase in revenues. Gap comparable store sales dropped 4%. Staples net climbed 23%.

Continental Net Climbs, Fosun Acquires 5% Stake in Thomas Cook

Nigel Thomas
06 Mar, 2015
New York City

Continental net surged 24% to

Nikkei Extends Weekly Gains after ECB Annoucement

Hiruki Nakamura
06 Mar, 2015
New York City

Market indexes in Japan extended gains for the second day and the yen eased after the ECB lifted inflation and growth estimates. For the week, the Nikkei index gained 0.9% and the yen traded above 120 mark.

Resource Stocks Lead Australian Index Weakness

Marcus Jacob
06 Mar, 2015
New York City

Australian market indexes traded lower and for the week declined 0.5% after China lowered its growth estimate and iron ore prices continued to drift lower. Six smaller resource companies in the ASX 200 index will be replaced by retail, healthcare and travel management companies.

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